Salamander Energy’s “Buy” Rating Reaffirmed at Numis Securities Ltd (SMDR)
Salamander Energy (LON:SMDR)‘s stock had its “buy” rating reiterated by stock analysts at Numis Securities Ltd in a report issued on Wednesday, American Banking News reports. They currently have a GBX 190 ($3.12) target price on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 63.44% from the company’s current price.
A number of other firms have also recently commented on SMDR. Analysts at Jefferies Group cut their price target on shares of Salamander Energy from GBX 280 ($4.60) to GBX 260 ($4.27) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Salamander Energy in a research note to investors on Wednesday, January 8th. They now have a GBX 145 ($2.38) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Salamander Energy from GBX 214 ($3.51) to GBX 175 ($2.87) in a research note to investors on Wednesday, January 8th. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 209.47 ($3.44).
Salamander Energy PLC is a holding company. The Company is engaged in oil and gas exploration, development and production, which focuses on building a portfolio of assets in Asia.
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